Dr. Collado square is dedicated to Luis Collado (1520-1589), who was a professor of anatomy at the University of Valencia and scholar of the ossicles of the ear.

Here was the old Lonja de los Mercaderes, from the fourteenth century, called Lonja del Aceite because this product was the one with the largest trade. It was demolished in 1877. Merchants who had tried to deceive were brought to this market by the mustasaf or almotacen, to expose them to popular derision.